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Rules for Money Management
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Among the rules that you will create, the way you manage your money is absoluteley the most important!
Different tyes of traders use different types of money management. We will discuss each of these different types based on your time frame for trading. Day Trading Money ManagementDaytraders are restricted by time and range. Many daytraders look for stocks that have the potential to move greater point ranges in a small time frame. Swing Trading Money ManagementSwing Traders use a combination of tactics for managing their money and positions. The Swing Trader is not restricted by time, as the daytrader is. However, taking a position home involves more risk.
Position Trading Money Management
ALWAYS USE TRAILING STOPS!
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Disclaimer: Short-term and day-trading is very risky. Past performance is in no way indicative of future results. WallStreetWarriors.com assumes no responsibility for your trading results. All the information provided is for educational purposes only and should not be construed as investment advice. The opinions and research provided within these pages are based on historical data and are deemed reliable.
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